Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Guatemala - 2023

Contents:

1. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Guatemala (CIF) - 2022
2. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Guatemala (FOB) - 2022
3. Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Guatemala
4. Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Guatemala

Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Guatemala (CIF) - 2022

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $76 per ton, increasing by 7.9% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average import price increased by 42%. Over the period under review, average import prices hit record highs at $78 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($272 per ton), while the price for Honduras ($27 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Guatemala (FOB) - 2022

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $25 per ton, dropping by -8.6% against the previous year. In general, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of 33% against the previous year. The export price peaked at $49 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Honduras.

From 2014 to 2022, the rate of growth in terms of prices for El Salvador amounted to -2.2% per year.

Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Guatemala

Imports of residues; of petroleum oils or of oils obtained from bituminous mineralses into Guatemala surged to 9.2K tons in 2022, increasing by 68% compared with 2021 figures. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses surged to $699K in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Guatemala in 2022:

1. Honduras (4.1K tons)
2. El Salvador (2.7K tons)
3. Mexico (1.2K tons)
4. Belize (0.8K tons)
5. United States (0.4K tons)

Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Guatemala

In 2022, shipments abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses increased by 321% to 379 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt downturn.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses soared to $9.5K in 2022. Overall, exports, however, continue to indicate a sharp slump.

Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Guatemala in 2022:

1. Honduras (378.8 tons)

Source: IndexBox Market Intelligence Platform